#inflationrate — Public Fediverse posts

Andy Burnham set to be buoyed by June inflation slowdown

UK inflation is set to have eased last month in a welcome but temporary boost for Andy Burnham’s…
#EuropeSays #Britain #Europe #EU #UK #AndyBurnham #ConsumerPricesIndex #CPIinflation #dieselprices #energypricecap #inflationrate #UnitedKingdom
https://www.europesays.com/britain/85980/

https://www.europesays.com/britain/85980/ Andy Burnham set to be buoyed by June inflation slowdown #AndyBurnham #ConsumerPricesIndex #CPIInflation #DieselPrices #EnergyPriceCap #InflationRate #UK #UnitedKingdom

https://www.europesays.com/dk/127049/ Harry Styles fans flew to Amsterdam, paid a 21% premium for hotels, and sent inflation soaring. One Gen Zer paid $1,000 for a tiny ‘box’ hotel room #Amsterdam #ChristineLagarde #DutchCentralBank #europe #EuropeanCentralBank #HarryStyles #HotelPrices #InflationRate #Netherlands #TerWeel #TheUnitedStates

Harry Styles fans flew to Amsterdam, paid a 21% premium for hotels, and sent inflation soaring. One Gen Zer paid $1,000 for a tiny ‘box’ hotel room

Inflation has remained stubbornly elevated across the United States and Europe, driven by everything from energy …
#Netherlands #Nederland #NL #Europe #Europa #EU #Amsterdam #ChristineLagarde #Dutchcentralbank #europe #EuropeanCentralBank #HARRYSTYLES #hotelprices #inflationrate #terWeel #theUnitedStates
https://www.europesays.com/netherlands/30147/

https://www.europesays.com/iran/199134/ How will renewed U.S.-Iran war change inflation expectations? #ConsumerConfidence #GasPrices #InflationExpectations #InflationRate #Iran #MonetaryPolicy

The Federal Reserve’s Initial July Inflation Forecast Looks Fantastic on the Surface, but Something Sinister Lurks in the Details

For much of the last four years, the evolution of artificial intelligence (AI) has dominated Wall Street headlines.…
#Economy #ClevelandFed #CPIinflation #Crudeoilprices #DonaldTrump #FederalReserve #FederalReserveSystem #inflationrate #Iran #KevinWarsh #NASDAQComposite #stockmarket #supplydisruption
https://www.europesays.com/3116116/

Inflation decreases to 2.9 percent in June

– Inflation was unchanged from the flash estimate. – Inflation has fallen due to price developments of motor…
#Europe #EU #EuroZone #consumergoods #ConsumerSpending #consumers #Consumption #EuroArea #Eurozone #inflationrate
https://www.europesays.com/europe/88423/

Two Major Risks Loom Over Eurozone: Recession Possible if Middle East Conflict and US Asset Sell-Off Strike Simultaneously, ESM Warns

The European Stability Mechanism (ESM), Europe’s crisis response fund, released its inaugural annual report, the “Euro Area S…
#Europe #EU #EuroZone #AI-RelatedStocks #EuroArea #EuropeanCentralBank(ECB) #EuropeanStabilityMechanism(ESM) #Eurozone #GDP #inflationrate #Iran #MiddleEastconflict #StraitofHormuz #USAssetSell-Off
https://www.europesays.com/europe/87371/

Fed’s Warsh reiterates 2% inflation goal, independence at ECB forum

00:00 Jen Shonberger Fed Chair Kevin Warsh doubling down on his commitment to price stability in his first…
#Europe #EU #EuropeanCentralBank #FederalReserveChairman #inflationrate #KevinWarsh
https://www.europesays.com/europe/83912/

Bank of Canada’s Tiff Macklem says there’s still little evidence that energy inflation is spreading

Bank of Canada Governor Tiff Macklem said staff are still trying to figure out whether the spike in…
#Canada #BankofCanada #coreinflation #Foodinflation #foodprices #gasolineprices #groceryprices #headlineinflation #inflationrate #StatisticsCanada #TiffMacklem
https://www.europesays.com/canada/100745/

Russian central bank trims rate by 25 bps to 14.25% amid fuel supply, budget risks

By Elena Fabrichnaya and Gleb Bryanski MOSCOW, June 19 (Reuters) – The Russian central bank cut its benchmark…
#Economy #centralbank #CentralBanks #elviranabiullina #fuelproduction #inflationrate #PetrolPrices #Russia
https://www.europesays.com/3075766/

ECB’s Wunsch keeps July hike in play even as Iran deal eases energy prices

By Francesco Canepa FRANKFURT, June 19 (Reuters) – The European Central Bank may raise interest rates one more…
#Europe #EU #EuroZone #EuroArea #EuropeanCentralBank #Eurozone #inflationrate #oilglut #Oilprices #PierreWunsch #Wunsch
https://www.europesays.com/europe/73840/

Bundesbank: Higher short-term inflation and months before GDP rise

File Photo – A view of the headquarters of the Deutsche Bundesbank, which is currently located at Mainzer…
#Economy #centralbank #CentralBanks #CentralBanksoftheEuropeanSystem #DeutscheBundesbank #ECB #energyprices #ESCB #Europe #European #EuropeanCentralBank #EuropeanCentralBanks #Germany'seconomy #inflationrate #privatehouseholds #THEBANKOFENGLAND #TheBankofFrance #TheBankofItaly
https://www.europesays.com/3072529/

Bundesbank: Higher short-term inflation and months before GDP rise

File Photo – A view of the headquarters of the Deutsche Bundesbank, which is currently located at Mainzer…
#Economy #centralbank #CentralBanks #CentralBanksoftheEuropeanSystem #DeutscheBundesbank #ECB #energyprices #ESCB #Europe #European #EuropeanCentralBank #EuropeanCentralBanks #Germany'seconomy #inflationrate #privatehouseholds #THEBANKOFENGLAND #TheBankofFrance #TheBankofItaly
https://www.europesays.com/3071774/

Italy’s inflation confirmed at 32-month high

Banknotes with the value of 100 and 50 euros and coins are lying on a table. (is associated…
#Italy #Europe #Europa #EU #Consumerpriceinflation #coreinflation #inflationrate
https://www.europesays.com/italy/24969/

Japan raises interest rate to highest since 1995

[AFP via Getty Images] Japan’s central bank has increased its main interest rate to a new 31-year-high after…
#EuropeSays #Japan #JP #Business #BankofJapan #BusinessofJapan #inflationrate #interestrate #Japan'sbusiness #Japanesebusiness #monetarypolicy #policyrate #SanaeTakaichi
https://www.europesays.com/japan/41586/

ECB expected to hike interest rates for first time since 2023

A sign reading “European Central Bank – Eurosystem” stands in front of the European Central Bank (ECB) in…
#Europe #EU #EuropeanCentralBank #ChristineLagarde #consumerprices #inflationrate #interestrates
https://www.europesays.com/europe/66031/

https://www.europesays.com/uk/1018736/ ‘Dead money’: 3 financial advisors reveal where they’re parking cash as inflation hits a 3-year high #AndrewFincher #Business #CashFlowEfficiency #CertifiedFinancialPlanner #DaveRamsey #Finance #FinancialPlanner #FinancialAdvisors #InflationRate #marketwatch #NicholasBunio #PersonalFinance #RateOfInflation #SavingsAccount #UK #UnitedKingdom

https://www.europesays.com/ie/528229/ ‘Dead money’: 3 financial advisors reveal where they’re parking cash as inflation hits a 3-year high #AndrewFincher #Business #CashFlowEfficiency #CertifiedFinancialPlanner #DaveRamsey #Éire #FinancialAdvisors #FinancialPlanner #IE #InflationRate #Ireland #marketwatch #NicholasBunio #PersonalFinance #PersonalFinance #RateOfInflation #SavingsAccount

Inflation at 3.5 percent in May

– Inflation was unchanged from the flash estimate. – Prices of air tickets and bungalow park accommodation higher…
#Europe #EU #EuroZone #consumergoods #ConsumerSpending #consumers #Consumption #EuroArea #Eurozone #inflationrate
https://www.europesays.com/europe/63966/

Inflation beating pay rises in Europe: Where are workers losing the most?

Prices are rising again across Europe, but pay is not keeping up. Inflation in the EU reached 3.2%…
#Europe #EU #EuroZone #EuroArea #Europeaneconomies #Eurozone #inflationrate #UKinflation #wagegrowth
https://www.europesays.com/europe/63929/

Inflation beating pay rises in Europe: Where are workers losing the most?

Prices are rising again across Europe, but pay is not keeping up. Inflation in the EU reached 3.2%…
#Europe #EU #Europeaneconomies #EuropeanUnion #inflationrate #UKinflation #wagegrowth
https://www.europesays.com/europe/62886/

Inflation beating pay rises in Europe: Where are workers losing the most?

Prices are rising again across Europe, but pay is not keeping up. Inflation in the EU reached 3.2%…
#Europe #EU #EuroZone #EuroArea #Europeaneconomies #Eurozone #inflationrate #UKinflation #wagegrowth
https://www.europesays.com/europe/62832/

Inflation Is Surging, Trump Wants Rate Cuts — and Kevin Warsh Is Caught in a Market-Moving Crossfire

Smiles abounded as Kevin Warsh took his oath to serve as the newest Federal Reserve chair in the…
#NewsBeep #News #Economy #Business #CA #Canada #CPI #FederalReserve #inflationrate #InterestRates #JeromePowell #KevinWarsh #PresidentTrump #WhiteHouse
https://www.newsbeep.com/ca/721729/

Bank of France’s Villeroy sees inflation returning to 2% in 2027, 2028

PARIS, May 4 (Reuters) – Bank of France Governor Francois Villeroy ‌de Galhau said on ‌Monday he expected…
#Economy #centralbank #CentralBanks #CentralBanksoftheEuropeanSystem #DeutscheBundesbank #ECB #ESCB #Europe #European #EuropeanCentralBank #EuropeanCentralBanks #inflationrate #optimisticscenario #THEBANKOFENGLAND #TheBankofFrance #TheBankofItaly
https://www.europesays.com/3044806/

ETFs in Spotlight as Eurozone Inflation Rises to 3.2% Amid Iran War

Economic anxiety has gripped the European continent once again. According to preliminary data released by Eurostat, consumer price…
#Europe #EU #EuroZone #ASMLHolding #consumerpriceinflation #coreinflation #EuroArea #EuropeanCentralBank #Eurozone #inflationrate #investorsentiment
https://www.europesays.com/europe/59895/

Euro zone inflation rises again, reinforcing case for ECB hike

FRANKFURT, June 2 (Reuters) – Euro zone inflation accelerated further last month on higher energy and services costs,…
#Europe #EU #EuroZone #energycosts #Energyprices #EuroArea #EuropeanCentralBank #Eurozone #inflationpressures #inflationrate #servicesprices #underlyinginflation
https://www.europesays.com/europe/58628/

Euro zone inflation rises again, reinforcing case for ECB hike

FRANKFURT, June 2 (Reuters) – Euro zone inflation accelerated further last month on higher energy and services costs,…
#Europe #EU #EuroZone #energycosts #Energyprices #EuroArea #EuropeanCentralBank #Eurozone #inflationpressures #inflationrate #servicesprices #underlyinginflation
https://www.europesays.com/europe/58166/

Iran war drives eurozone inflation fears

FILE PHOTO – A woman places coins inside a red wallet. (is associated with: «Iran war drives eurozone…
#Europe #EU #EuroZone #EuroArea #EuropeanCentralBank #Eurozone #eurozonecountries #eurozoneeconomy #inflationexpectations #Inflationfears #inflationrate #Iran #Iranwar
https://www.europesays.com/europe/57742/

Iran war drives eurozone inflation fears

FILE PHOTO – A woman places coins inside a red wallet. (is associated with: «Iran war drives eurozone…
#Europe #EU #EuropeanCentralBank #Inflationfears #inflationrate #Iran #Iranwar
https://www.europesays.com/europe/57235/

‘Dead money’: 3 financial advisors reveal where they’re parking cash as inflation hits a 3-year high

Inflation is once again outrunning wage growth, and that’s creating a problem for anyone sitting…
#NewsBeep #News #Personalfinance #AndrewFincher #Business #CA #Canada #certifiedfinancialplanner #deadmoney #Finance #FinancialAdvisors #financialplanner #inflationrate #MarketWatch #PersonalFinance #purchasingpower #rateofinflation #RobertKiyosaki #savingsaccount
https://www.newsbeep.com/ca/705858/

https://www.europesays.com/ie/511677/ ‘Dead money’: 3 financial advisors reveal where they’re parking cash as inflation hits a 3-year high #AndrewFincher #Business #CertifiedFinancialPlanner #DeadMoney #Éire #FinancialAdvisors #FinancialPlanner #IE #InflationRate #Ireland #marketwatch #PersonalFinance #PersonalFinance #PurchasingPower #RateOfInflation #RobertKiyosaki #SavingsAccount

https://www.europesays.com/uk/996284/ ‘Dead money’: 3 financial advisors reveal where they’re parking cash as inflation hits a 3-year high #AndrewFincher #Business #CertifiedFinancialPlanner #DeadMoney #Finance #FinancialPlanner #FinancialAdvisors #InflationRate #marketwatch #PersonalFinance #PurchasingPower #RateOfInflation #RobertKiyosaki #SavingsAccount #UK #UnitedKingdom

Distressed California Winery Owners Have Ways to Protect Assets

The California wine industry is in its worst stretch in a generation. Roble…
#dining #cooking #diet #food #CaliforniaWine #alterego #assetprotectiontrusts #california #californiawine #communityproperty #estates #fraudulenttransfers #guarantee #inflationrate #IRAs #residentialproperty #smallbusinessloans #spendthrifttrusts #Wine
https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/

Distressed California Winery Owners Have Ways to Protect Assets

The California wine industry is in its worst stretch in a generation. Roble…
#dining #cooking #diet #food #CaliforniaWine #alterego #assetprotectiontrusts #california #californiawine #communityproperty #estates #fraudulenttransfers #guarantee #inflationrate #IRAs #residentialproperty #smallbusinessloans #spendthrifttrusts #Wine
https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/

Distressed California Winery Owners Have Ways to Protect Assets

The California wine industry is in its worst stretch in a generation. Roble…
#dining #cooking #diet #food #CaliforniaWine #alterego #assetprotectiontrusts #california #californiawine #communityproperty #estates #fraudulenttransfers #guarantee #inflationrate #IRAs #residentialproperty #smallbusinessloans #spendthrifttrusts #Wine
https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/

Distressed California Winery Owners Have Ways to Protect Assets https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/ #AlterEgo #AssetProtectionTrusts #california #CaliforniaWine #CommunityProperty #estates #FraudulentTransfers #guarantee #InflationRate #IRAs #ResidentialProperty #SmallBusinessLoans #SpendthriftTrusts #Wine

Distressed California Winery Owners Have Ways to Protect Assets https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/ #AlterEgo #AssetProtectionTrusts #california #CaliforniaWine #CommunityProperty #estates #FraudulentTransfers #guarantee #InflationRate #IRAs #ResidentialProperty #SmallBusinessLoans #SpendthriftTrusts #Wine

Distressed California Winery Owners Have Ways to Protect Assets https://www.diningandcooking.com/2662839/distressed-california-winery-owners-have-ways-to-protect-assets/ #AlterEgo #AssetProtectionTrusts #california #CaliforniaWine #CommunityProperty #estates #FraudulentTransfers #guarantee #InflationRate #IRAs #ResidentialProperty #SmallBusinessLoans #SpendthriftTrusts #Wine

Fuel tax cut helps cool German inflation to 2.6% in May

The prices for diesel and petrol can be seen at a filling station. (is associated with: «Fuel tax…
#Germany #DE #Europe #EU #Europa #FederalStatisticalOffice #fillingstation #Householdenergy #inflationrate #motorfuelprices
https://www.europesays.com/germany/26477/

ECB rate hike in focus as Eurozone’s ‘Big Four’ report stubbornly high inflation

Prices are rising faster across the EU’s biggest economies, according to early figures for May. The numbers reinforce…
#Europe #EU #EuroZone #coreinflation #Energyprices #EuroArea #EuropeanCentralBank #Eurozone #headlineinflation #hicp #inflationexpectations #inflationrate
https://www.europesays.com/europe/55688/

https://www.europesays.com/africa/244987/ Zambia and Angola announce rate cuts, boosting the construction industry #angola #BancoNacionalDeAngola #BankOfZambia #EconomicGrowth #InflationExpectations #InflationRate #InterestRate #InvestmentActivity #MacroeconomicStability #Zambia

Bangkok Post – War on the economy

Stimulus schemes meant to strengthen purchasing power raise concerns about inflation.  Chanat Katanyu Nearly three months have passed…
#NewsBeep #News #Economy #Business #economicstimulus #energytransition #inflationrate #kasikornresearchcenter #MiddleEastconflict #publicdebt #thaigdp #Thailand #thailandeconomy #UK #UnitedKingdom
https://www.newsbeep.com/uk/589795/

Yikes! The Federal Reserve’s May Inflation Forecast Is In, and It Has Big Implications for Social Security’s 2027 COLA.

History-making moments were aplenty for America’s leading retirement program, Social Security, in 2025. The average monthly retired-worker benefit…
#NewsBeep #News #Economy #AU #Australia #Business #COLA #FederalReserve #inflationrate #Iran #iranwar #PresidentDonaldTrump #SocialSecurity
https://www.newsbeep.com/au/675379/

Nigeria’s headline inflation rate for April climbed to 15.69% year on year (YoY), according to the latest data released by the Statistics office on Friday.

https://dmarketforces.com/nigerias-inflation-rate-for-april-climbs-to-15-69/

#InflationRate #Nigeria

Deal Signed For Vietnam To Supply Rice To The Philippines

On the sidelines of the recent summit of the Association of Southeast Asian Nations (ASEAN), a new agreement was signed for Vietnam to supply the Philippines with 1.5 million metric tons of rice which will last until April 2027, according to a news report by the Manila Standard.

To put things in perspective, posted below is an excerpt from the Manila Standard report. Some parts in boldface…

The Philippines and Vietnam signed a new rice supply agreement on Thursday during high-level bilateral talks on the sidelines of the ASEAN Summit in Cebu City, as Manila moves to secure stable imports amid rising global uncertainties.

Department of Agriculture Secretary Francisco Tiu Laurel Jr. said the Philippines secured a one-year agreement for the supply of 1.5 million metric tons of rice from Vietnam, ensuring uninterrupted shipments through April 2027. The deal helps stabilize the domestic market against geopolitical risks and climate-related production threats.

“Securing import volumes until next April is crucial amid geopolitical uncertainties and climate risks,” Tiu Laurel said, noting that stable supply is essential to keeping rice prices manageable in the domestic market.

Both sides finalized pricing and logistics arrangements and agreed on a benchmark price of $450 per metric ton for the widely consumed DT8 rice variety. Vietnam remains the Philippines’ largest rice supplier and accounts for the bulk of the country’s imported grain requirements.

Tiu Laurel said Manila is prioritizing reliable supply channels as regional demand continues to rise, fueled partly by tensions in the Middle East and concerns over possible production disruptions from another El Niño episode. He added that Vietnam seeks a long-term trade framework covering rice and other agricultural commodities.

“Even the Vietnamese prime minister consistently highlighted this during the bilateral meeting,” Tiu Laurel said.

President Ferdinand Marcos Jr. and Vietnam Prime Minister Lê Minh Hưng pushed the deal during the latter’s first ASEAN Summit appearance in Cebu. The two leaders also commemorated the 50th anniversary of diplomatic relations between the 2 countries while discussing expanded cooperation in trade, tourism, agriculture and investment.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the new rice supply agreement between the Philippines and Vietnam ensures food security for the Filipino people? Have you ever tasted rice imported from Vietnam? Do you think the Philippines should focus more on harvesting a lot more local rice grain and support more domestic rice farmers to ensure a better internal supply?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Deal Signed For Vietnam To Supply Rice To The Philippines

On the sidelines of the recent summit of the Association of Southeast Asian Nations (ASEAN), a new agreement was signed for Vietnam to supply the Philippines with 1.5 million metric tons of rice which will last until April 2027, according to a news report by the Manila Standard.

To put things in perspective, posted below is an excerpt from the Manila Standard report. Some parts in boldface…

The Philippines and Vietnam signed a new rice supply agreement on Thursday during high-level bilateral talks on the sidelines of the ASEAN Summit in Cebu City, as Manila moves to secure stable imports amid rising global uncertainties.

Department of Agriculture Secretary Francisco Tiu Laurel Jr. said the Philippines secured a one-year agreement for the supply of 1.5 million metric tons of rice from Vietnam, ensuring uninterrupted shipments through April 2027. The deal helps stabilize the domestic market against geopolitical risks and climate-related production threats.

“Securing import volumes until next April is crucial amid geopolitical uncertainties and climate risks,” Tiu Laurel said, noting that stable supply is essential to keeping rice prices manageable in the domestic market.

Both sides finalized pricing and logistics arrangements and agreed on a benchmark price of $450 per metric ton for the widely consumed DT8 rice variety. Vietnam remains the Philippines’ largest rice supplier and accounts for the bulk of the country’s imported grain requirements.

Tiu Laurel said Manila is prioritizing reliable supply channels as regional demand continues to rise, fueled partly by tensions in the Middle East and concerns over possible production disruptions from another El Niño episode. He added that Vietnam seeks a long-term trade framework covering rice and other agricultural commodities.

“Even the Vietnamese prime minister consistently highlighted this during the bilateral meeting,” Tiu Laurel said.

President Ferdinand Marcos Jr. and Vietnam Prime Minister Lê Minh Hưng pushed the deal during the latter’s first ASEAN Summit appearance in Cebu. The two leaders also commemorated the 50th anniversary of diplomatic relations between the 2 countries while discussing expanded cooperation in trade, tourism, agriculture and investment.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the new rice supply agreement between the Philippines and Vietnam ensures food security for the Filipino people? Have you ever tasted rice imported from Vietnam? Do you think the Philippines should focus more on harvesting a lot more local rice grain and support more domestic rice farmers to ensure a better internal supply?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Deal Signed For Vietnam To Supply Rice To The Philippines

On the sidelines of the recent summit of the Association of Southeast Asian Nations (ASEAN), a new agreement was signed for Vietnam to supply the Philippines with 1.5 million metric tons of rice which will last until April 2027, according to a news report by the Manila Standard.

To put things in perspective, posted below is an excerpt from the Manila Standard report. Some parts in boldface…

The Philippines and Vietnam signed a new rice supply agreement on Thursday during high-level bilateral talks on the sidelines of the ASEAN Summit in Cebu City, as Manila moves to secure stable imports amid rising global uncertainties.

Department of Agriculture Secretary Francisco Tiu Laurel Jr. said the Philippines secured a one-year agreement for the supply of 1.5 million metric tons of rice from Vietnam, ensuring uninterrupted shipments through April 2027. The deal helps stabilize the domestic market against geopolitical risks and climate-related production threats.

“Securing import volumes until next April is crucial amid geopolitical uncertainties and climate risks,” Tiu Laurel said, noting that stable supply is essential to keeping rice prices manageable in the domestic market.

Both sides finalized pricing and logistics arrangements and agreed on a benchmark price of $450 per metric ton for the widely consumed DT8 rice variety. Vietnam remains the Philippines’ largest rice supplier and accounts for the bulk of the country’s imported grain requirements.

Tiu Laurel said Manila is prioritizing reliable supply channels as regional demand continues to rise, fueled partly by tensions in the Middle East and concerns over possible production disruptions from another El Niño episode. He added that Vietnam seeks a long-term trade framework covering rice and other agricultural commodities.

“Even the Vietnamese prime minister consistently highlighted this during the bilateral meeting,” Tiu Laurel said.

President Ferdinand Marcos Jr. and Vietnam Prime Minister Lê Minh Hưng pushed the deal during the latter’s first ASEAN Summit appearance in Cebu. The two leaders also commemorated the 50th anniversary of diplomatic relations between the 2 countries while discussing expanded cooperation in trade, tourism, agriculture and investment.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the new rice supply agreement between the Philippines and Vietnam ensures food security for the Filipino people? Have you ever tasted rice imported from Vietnam? Do you think the Philippines should focus more on harvesting a lot more local rice grain and support more domestic rice farmers to ensure a better internal supply?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Nigeria’s headline inflation is projected to climb as Middle East tensions drive global oil prices higher, pushing petrol pump prices to about N1,400 on average.

https://dmarketforces.com/investment-firms-project-higher-inflation-rate-for-april/

#Inflationrate

The Good News Is Your Social Security COLA Is Beating Inflation. The Bad News Is That May Not Last.

Inflation has jumped by 3.8% in April from a year ago, according to the latest Consumer Price Index…
#NewsBeep #News #Personalfinance #AU #Australia #Business #COLA #Finance #inflationrate #PersonalFinance #retirementbenefits #SeniorCitizensLeague #SocialSecurity
https://www.newsbeep.com/au/671010/